Finance
From loans to leases , the process of acquiring mining equipment can sometimes seem overwhelming . In today ’ s age , however , there are numerous financing options available . Along with choices , financing equipment can provide helpful incentives and benefits for miners . We take a look at the available options for financing mining equipment .
You ’ ve got options Securing financing for mining equipment isn ’ t as difficult as it may seem . Many companies provide business owners with financing and leasing options to acquire equipment without using working capital reserve or banking lines of credits . In today ’ s
Leasing has many advantages market , there is a wealth of selections to utilize and no matter what the reasoning is , you have options .
The first step in acquiring mining equipment is deciding if you ’ re going to purchase or lease . There are benefits for both options , depending on what the company ’ s needs are . The advantages of financing equipment are wide open . Many companies provide lower interest rates ; minimal down payment ; extended payment terms ; delayed payments ; and seasonal skip payments . The options are limitless .
There are several lease options miners can choose from including capital leases or finance lease and true lease or taxes . This enables miners to lease new or used equipment and even sell their leased equipment . Depending on your needs , financiers will typically allow business owners to obtain equipment with little money down and with a lower payment than a traditional loan .
The benefits of leasing include : no down payment ; lower monthly payments to preserve cash flow ; tax advantages ; increased bonding capacity ; and reduced maintenance costs .
30 A ugust 2014